European credit spreads were volatile on Monday, but the mostly speculative-grade Crossover index retreated from record wides as stock markets recovered some of their losses. By 1714 GMT, the investment-grade Markit iTraxx Europe index was at 208.5 basis points, according to data from Markit, 1.5 basis points wider than late on Friday.
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- Monday's midday trade: Wall Street up
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- Solvay holding denies received offer for shares
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- Sri Lankas 2009 growth to hit seven-year low
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- Thousands of Chinese workers heading to Vietnam
- Three British managers held in French bossnapping
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- Thursdays afternoon trade: Wall Street surges
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